FINRA Exam Tips and Career Advice - Achievable Podcast

How will Federal Reserve rate cuts affect the market for wealth management roles

We recorded this episode before rate cuts started, but what Ken shared still holds true. In this episode, Ken talked through why he expected the Federal Reserve to cut rates, and how this will affect the securities industry and hiring.

Achievable is a modern test prep platform for the FINRA SIE, Series 6, 7, 9, 63, 65, and 66. Try our courses for free at https://achievable.me 

FINRA and NASAA exam topics that are surprising people in 2024

Ken Finnen interacts with hundreds of FINRA test takers per month, so he has a good sense of what's tripping people up. In this episode, Ken shares his insights into what question types, rules and regulations, and suitability questions are confusing people on the FINRA and NASAA exams, and how to beat them.

Achievable is a modern test prep platform for the FINRA SIE, Series 6, 7, 9, 63, 65, and 66. Try our courses for free at https://achievable.me 

Why FINRA made the T+1 settlement date change and how it will show up on your exams

The biggest change to FINRA and NASAA exams this year is that settlement dates moved from T+2 to T+1. But what does that mean? In this episode, Ken Finnen, a longtime veteran of the finance industry and FINRA tutor for decades, walks you through what settlement dates are, why this change was made, what it means for the industry, and how to get these questions right on your exams.

Achievable is a modern test prep platform for the FINRA SIE, Series 6, 7, 9, 63, 65, and 66. Try our courses for free at https://achievable.me 

Covered puts deep dive (FINRA SIE, Series 4, 7, 9, 65, 66)

Covered puts are an option income strategy that is important for traders. These strategies can be tested on the FINRA SIE and Series 4, 7, and 9 exams, as well as on NASAA's Series 65 and 66 exams.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Minimum maintenance in margin accounts (FINRA SIE, Series 7, 9, 10, and NASAA Series 65, 66)

In this podcast, we cover the concept of minimum maintenance in margin accounts. Then we walk you through a practice question that could look similar to an actual test question. Margin accounts can be tested on FINRA's SIE, Series 7, 9, and 10 exams, plus NASAA's Series 65 and 66 exams. This is one of many videos available on the Achievable platform - links to our learning program are above!

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Combined equity and short / long margin (Series 7, 9, 10, 65, 66)

In this podcast, we walk through calculating equity in margin accounts and utilizing both long and short equity formulas. Then we work through a practice question that could look similar to an actual test question. Margin accounts are testable on the FINRA Series 7, 9, and 10 exams, as well as the NASAA Series 65 and 66 exams.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Taxes on options (Series 4, Series 7, and Series 9)

In this podcast, we discuss the tax implications of options transactions and work through a practice question for the FINRA Series 7 exam on the topic. Taxes on options can be tested on the FINRA Series 4, 7, and 9 exams.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Options hedging strategies: short stock with long call option (SIE, Series 4, 7, 9, 65, 66)

In this podcast, we walk you through an option hedging strategy that allows you to short stock while capping your downside: short stock and a long call. Options hedging strategies are useful in the real world and also a tested concept on the the FINRA SIE and Series 4, 7, and 9 exams, plus on NASAA's Series 65 and 66 exams.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Naming options spreads (tested on the Series 7 exam)

This podcast is a complete overview of naming option spreads. After going through them with you, we then walk you through a practice question that could be similar to an actual FINRA test question on this topic.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.

Options strategies: Short straddles (Series 4, 7, 9, 65 and 66)

We discuss short straddle options strategies, their risk & return profile, and how investors utilize them. Additionally, we analyze a practice question that could be similar to an actual test question on this topic.

Achievable has courses with industry best pass rates for the FINRA SIE, Series 6, 7, 63, 65, and 66. Try our courses for free at https://achievable.me.